January 23, 2026

ICP Touch Down on Descending Triangle

ICP Touch Down on Descending Triangle

ICP Touch Down on Descending Triangle

ICP Touch Down on Descending Triangle

ICP/USD COINBASE:ICPUSD
Hazel-Ra-Owsla


ICP Touch Down on Descending Triangle

On the 6h MA we can see the triangle breakout, and then touchdown on the top as is common behavior.

We pierced the lower bollinger band so on the 6H we are ok for a bounce, but nothing is guaranteed.

Please see the image below for the entire triange on the 1D:


snapshot

Possibilities:
1) Bounce Upward
2) Continue to follow the triangle down for a bit, then up.
3) Drop down into triangle

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